Franklin Street Properties Corp. Plans Quarterly Dividend of $0.01 (NYSE:FSP)

Franklin Street Properties Corp. (NYSE:FSP - Get Free Report) announced a quarterly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Friday, January 24th will be paid a dividend of 0.01 per share on Thursday, February 13th. This represents a $0.04 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, January 24th.

Franklin Street Properties has decreased its dividend payment by an average of 51.9% annually over the last three years. Franklin Street Properties has a payout ratio of -14.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Franklin Street Properties to earn $0.12 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 33.3%.

Franklin Street Properties Stock Performance

Shares of Franklin Street Properties stock remained flat at $1.76 during trading hours on Monday. The company's stock had a trading volume of 188,563 shares, compared to its average volume of 371,380. Franklin Street Properties has a one year low of $1.47 and a one year high of $2.62. The company's 50-day moving average is $1.88 and its two-hundred day moving average is $1.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market capitalization of $182.28 million, a price-to-earnings ratio of -4.51 and a beta of 0.82.

Franklin Street Properties (NYSE:FSP - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Franklin Street Properties had a negative return on equity of 5.88% and a negative net margin of 32.11%. The business had revenue of $29.68 million for the quarter. During the same quarter in the previous year, the business earned ($0.44) EPS. On average, equities research analysts anticipate that Franklin Street Properties will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Franklin Street Properties from a "hold" rating to a "sell" rating in a research note on Monday, October 28th.

Insider Buying and Selling

In related news, insider Jeffrey B. Carter bought 18,500 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $2.12 per share, with a total value of $39,220.00. Following the completion of the transaction, the insider now directly owns 18,500 shares of the company's stock, valued at approximately $39,220. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce J. Schanzer bought 43,311 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $1.89 per share, for a total transaction of $81,857.79. Following the completion of the acquisition, the director now owns 3,489,374 shares in the company, valued at approximately $6,594,916.86. This trade represents a 1.26 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 172,400 shares of company stock valued at $327,879. 6.20% of the stock is currently owned by corporate insiders.

Franklin Street Properties Company Profile

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.

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